Those making an application for an unsecured guarantor loan will
do so knowing that they then have access to an easy line of credit
usually within three days of filling in the application form. You
can repay the loan early if you wish without paying redemption penalties.
The loan may be used for most purposes.
With an unsecured guarantor loan people may access credit again
even with poor credit with things like defaults, arrears and CCJs.
It's a more liberal approach to finance and will once more let a large
section of people access to finance which would not be possible otherwise.
In order to take out an unsecured guarantor loan you can be a council
or private tenant, or you can be a homeowner. The application procedure
is completely confidential and nobody needs to know anything about
the matter. You can also be retired or on benefits, etc.